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CNBC 182
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Search Results 0 to 49 of about 182 (some duplicates have been removed)
CNBC
Sep 11, 2012 9:00pm EDT
anybody's ever heard of zug in the united states. hans marti, who heads zug's economic development office, showed off the nearby snow-covered mountains. but zug's main selling point isn't a view of the alps. how low are the taxes here? >> it's something between 15% and 16%. >> and in the united states, it's 35%. >> i know. it's half, half price. >> and do you have the lowest tax rate in switzerland? >> most probably, yes. >> most probably, yes. so you're kind of a tax haven within a tax haven. >> [laughs] maybe, yes. >> yeah, yeah, yeah. >> the population of the town of zug is 26,000. the number of companies in the area: 30,000 and growing. but many are no more than mailboxes. texas democratic congressman lloyd doggett questions whether the moves of several companies are legit. >> a good example is one of my texas companies that's been in the news lately, transocean. >> transocean owned the drilling rig involved in the giant bp oil spill. they moved to zug. >> i'm not sure they even moved that much. they have about 1,300 employees still in the houston area. they have 12 or 13 in switzerla
CNBC
Sep 13, 2012 7:00pm EDT
with the united states to overturn gadhafi and police libya these last years but opened relationships with al qaeda and the darkest elements of the jihadists. there's suggestion ambassador stevens was murdered in revenge for the death of a libyan hero to the al qaeda forces al-libbi killed by a drone strike june 4th. >> john, what you're saying is round up the usual suspect, you're saying they have not really caught the perpetrators who killed ambassador stevens? >> the perpetrators are al qaeda and the jihadists of the uma. it's a vast organization. >> thank you for that. let me go to paul wulff wits, former deputy secretary of defense. thank you for coming back on the program. what's your take on this? president obama said no act of terror will go unpunished. he said we're going to bring them all to justice. what happens now? how do we bring them all to justice? >> clearly, we're talking about libya, it will happen with the cooperation of the libyans. one of the important things to put in context here, it's almost lost in everything i've heard is back in july the libyans had a pretty fair e
CNBC
Sep 26, 2012 4:00pm EDT
rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about europe and soon to watch on our shores is you're going to pay more and get less. i look forward to the dislocation between price and value. i think there are a few opportunities in europe selectively. a company we own called securitas, which is a man-guarded service. it trades for about 50 krona. we think it's worth 72. we get about a 6% dividend yield. there's an example where you can find opportunity. >> everybody's looking for yield in an environment where we can't find any. rick, what are you seeing there today? >> you had a great point. everybody's looking for yields, so everybody needs to take more risk. that's the plan. the problem is, when you take more risk to get more reward, you have more risk. you know, take the word austerity and throw it out. use the word reform. one guest just said central bankers are doing all the heavy lifting. be
CNBC
Sep 26, 2012 7:00pm EDT
for the united states coming on and misleading the public. basically we have sent a letter to ambassador rice to explain herself. >> you know, there's a story out today, i didn't know if you saw it, senator, but the story essentially was that the united states government within 24 hours knew it was a pre-planned terrorist attack. your thought on that. because that indicts rice and whomever else was in this cover-up even more. >> that's right. ambassador rice came on the sunday morning programs and said that, in fact, it was a spontaneous reaction of course to the video. and in no way was an expression of hostility toward america. and you have to say killing four american heroes, quite honestly, attacking our consulate, if that's not hostility toward america, i don't know what it is. so, no, i think it's pretty apparent that the administration must have known, had information, and ambassador rice was sent out on the sunday programs to mislead the american public. i find that outrageous, and i think she needs to explain herself and explain herself fast. we should also call for an investigation.
CNBC
Sep 7, 2012 4:00pm EDT
monti, and we'll look at where we stand given the issues we're talking about in the united states. >> very good, we look forward to that and over there in europe, they promised more stimwlus this bond buying program announced yesterday. and over here with disappointment, the expectation of more fed action has been heightenned. earlier on cnbc, paul ryan said central bank action made things worse, not better. >> you have a story of central banks stepping in to bail out lackluster fiscal policy. you look at the draghi press conference yesterday for one of the biggest reasons why, but there is no substitute for good fiscal policy. you can't expect central bankers to bail us out all the time. >> draghi said as much yesterday. >> our next guests think their actions stop the depression and are necessary. mark, why do you think representative ryan is right? >> let's talk about providing liquidity in 2008 and the actions sense. i think most of the problems in europe today and in america today are not problems of liquidity. there's not a lack of liquidity in our banking system or corporate
CNBC
Sep 13, 2012 6:00am EDT
to building bridges between the united states and the arab and muslim world, particularly libya. and i think this is going to sour a lot of americans about the future trajectory of the middle east, about the direction in which the arab spring is headed. and i think particularly this is tragic for syrians. syrians who are now under siege or around 20,000 syrians have been killed by the regime of assad and i think many syrians were hoping for an outside intervention or outside aid to provide some type of save zones. and i think the reality is that after the united states and nato had gone into libya it oust gadhafi, i think there will be far less appetite to want on do anything in syria. >> probably also raises huge questions about money from america that is going to fund some of these governments particularly in egypt where it's $1.5 billion plus another billion that was being put together in a package right now. how do you think that plays out in congress at this point? >> that's absolutely right. egypt is a country which has i think the second or third largest aid package from the united st
CNBC
Sep 3, 2012 11:00am EDT
want to be a welcoming country in the united states, but certainly, we don't want the yakuza coming to the united states. >> because they're criminals? >> they have extensive criminal histories here in japan. they are members of criminal organizations. for both of those reasons, they would be ineligible to enter the united states. >> how did he get around that? according to jake adelstein's reporting, which we confirmed, tadamasa goto made a deal with the fbi. he offered to become a rat and inform on his yakuza brothers. >> goto said, "here's the deal. i need to get in the united states to get my liver transplant, or i'm gonna die. i will give you the names of all our front companies in the united states." so in terms of not only criminal intelligence but sort of, you know, pure, i don't know, covert intelligence, goto represented a real find for the fbi. >> so the fbi made this deal? >> and they gave him a special visa to come into the united states. >> getting into the u.s. was one thing, but getting a liver transplant at a leading american medical center like ucla was something e
CNBC
Sep 13, 2012 4:00pm EDT
, much better than the united states. >> is this, do you think, a cue for folks to get into the market because mortgage rates potentially could go even lower? >> well, i think it's a great time to buy a house. i've been saying that for a long time now. when i say a long time, over the last year i've been telling people, go out and buy a house. this is the time to buy a house. hard to get houses finance because the banks aren't lending. try buying the house from a bank. if you buy it from a bank, they'll loan you the money to buy it because they want to bet it off their books. it's a great time to buy a house. pick a beautiful house, enjoy yourselves, and try buying it from a bank. >> good advice, donald. thank you. let me ask you about this election and bernanke. if romney win, should he keep bernanke on or lose him? >> well, i don't think he will. i'm not saying anything good or bad. i'm just saying i don't think he will. he's going to want to come in with his own team, as everybody really does. as usually you would. i think he'll probably come in with his own team. it's really a ques
CNBC
Sep 25, 2012 9:00pm EDT
? >> you're pretty much left with the united states and israel. >> well, yes, but there is no good with someone of my background even speculating on that question, so i won't. >> iran's president, mahmoud ahmadinejad, shown here at natanz in 2008, blamed the cyber attack on enemies of the state and downplayed the damage. both the u.s. and israel maintain that it set back the iranian program by several years. what's impossible to know is how much damage the attackers might have inflicted if the virus had gone undetected and not been exposed by computer security companies trying to protect their customers. >> they planned to stay in that plant for many years and to do the whole attack in a completely covert manner, that anytime a centrifuge would break, the operators would think, "this is, again, a technical problem that we have experienced," for example, "because of poor quality of these centrifuges that we are using." >> we had a good idea that this was a blown operation, something that was never meant to be seen. it was never meant to come to the public's attention. >> you say blo
CNBC
Sep 6, 2012 10:00pm EDT
of our two girls and the president of the united states of america, barack obama. ♪ >> thank you! thank you! >> thank you! thank you so much. thank you. thank you so much. thank you. thank you very much, everybody. thank you. michelle, i love you so much. a few nights ago, everybody was reminds just what a lucky man i am. malia and sasha, we are so proud of you. and yes, you do have to go to school in the morning. and joe biden, thank you for being the very best vice president i could have ever hoped for and being a strong and loyal friend. madam chairwoman, delegates, i accept your nomination for president of the united states. now, the first time i addressed this convention in 2004, i was a younger man. a senate candidate from illinois who spoke about hope. not blind optimism, not wishful thinking, but hope in the face of difficulty. hope in the face of uncertainty. that dogged faith in the future which has pushed this nation forward even when the odds are great. even when the road is long. eight years later, that hope has been tested. by the cost of war, by one of the worst economic
CNBC
Sep 18, 2012 7:00pm EDT
of the united states. i would also like to see mitt romney reach out to these people these 47% that he's been talking about. whom he disparaged in these remarks and make it plain that these policies are in their benefit. that by creating more incentives. by moving the country away from it's dependdency -- >> wait, we are going to come back. give everybody an opportunity. reach out for everybody. what is your take? >> you call this a dirty trick. using somebody else's own words is a dirty trick. >> they have had it since last may. that is the thing. and now the other side by the way is going to use another dirty trick because they have this type of obama saying i'm a redistributionist. >> those are his own words. he said it. don't deknny it. if robert costa is right. that means he hasn't had a good week since may. >> he may be in trouble but polls have romney neck in neck, a deed even race with obama. what is your take? >> my take is on the video, this was a chance to refocus the campaign on the right issue whose got the program that is going to build the economy and create jobs and growth not
CNBC
Sep 30, 2012 7:30pm EDT
it's a bigger story for europe than it is for the united states. >> in the united states we have a different set of worries. warnings from big american companies about their future earnings. we ended the third quarter and already heard from fedex, we heard from caterpillar, big global companies that are citing europe. caterpillar is citing china as well. what are you expecting out of the earnings period that we will begin to see in the next couple weeks? >> there is a slowdown going on in the global economy because you have this recession in europe then you have a slowdown in china, which is more significant than i think the chinese gdp numbers suggest. and that's rippling through to countries like korea and taiwan and japan. a so big global companies are being hurt by that but more domestically-focused companies in the united states ought to do better. >> want that fiscal cliff, david? it doesn't look like anything is going to happen until after the election. the tax cuts expiring, the spending programs expiring. a lot of people think this is going to lead to a recession in 20 1
CNBC
Sep 7, 2012 3:00pm EDT
have a fiscal and monetary problem here in the united states. what will solve the problem right now? so far the fed doesn't seem to be able to create so many jobs right now. >> what bernanke said last week and i agree with him and the evidence points in this direction is the main reason we have an 9.1% unemployment is because of weak demand. if you're thinking about monetary or fiscal policy, on the fiscal side, it comes from tax cutting, spending increases, or both, and we have to worry about that. on the monetary side, what monetary authorities can do is reduce interest rates and try to reduce rates across a broad set of assets through qe policies. the fiscal and monetary side are trying to stimulate demand, and demand is missing to great stronger momentum. >> they're pushing on a string, rant they? >> the fed has the capability to act right now, and i think always, you know, again chairman ber knack key admitted that this policy tool is not a particularly strong tool. >> ben bernanke said that he creating two million jobs. they did analysis and said if not for what we had done, there
CNBC
Sep 12, 2012 7:00pm EDT
of the president of the united states. he deflects it and he attacks romney admitting this is a botched statement, holding the egypt government responsible for something like this is absolutely something they need to do if they want to have continued cooperation from the united states. >> and i want to ask peter brooks, old friend, so hillary says today in her comment that we reject these acts, quote, unquote, we reject these actions, but the president says later we will bring to justice. how he's going do that, i don't know. we will bring them to justice, peter brooks. what the hell does that mean? would you please tell me because to me, he is more interested in promoting these muslim states running through the art than he is promoting american influence and leadership in that region. that's what's got me really bugged, peter. how is he going to bring them to justice? >> i certainly can't channel president obama. i'm not the right person to do that. what i hope he means here is that the government of libya does not bring these guys to justice that we're going to take action including military ac
CNBC
Sep 11, 2012 4:00pm EDT
've always expected people would get in the united states of america. that only comes from the private sector. that's where, i think, the romney approach, people will find to be the right one. >> this market has been rallying. of course, it seems to be working in obama's favor, even though it's probably has a lot more to do with the central bank and all of the easing out there than it does to the policies. is there any reason to believe that if this president is re-elected, then he moves to the center that, he does the policies that you're talking about that romney, of course, has been leading with? >> i think that's been my greatest disappointment, that we have not seen this government move more to a centerous approach to move the country forward. there were numerous opportunities to do that. i just don't think it aligns with where the president would like to take the country. there's one approach that says static pie, let's figure out how to split it up. that's the approach that's being taken. when they say we're all in this together, we're all in this together, but we're going to take from
CNBC
Sep 12, 2012 9:00am EDT
in the united states. some indexes they watch on a weekly basis have been lower recently and that will fuel a lot of talk about a bit of a slowdown. front-running the fed, guys, did you see what happened yesterday? i pointed out some of the biggest etfs in the high yield area. i'm talking about j&k had heavy volume and hitting new highs. why is that happening? a lot of people believe at the minimum the fed is going to extend forward guidance to keep interest rates low to at least 2015. all of that would be a big beneficiary to high-yield funds who are forcing people to go out on the yield curve. this is one simple way people are already anticipating exactly what the fmoc is going to be doing. back to you. >> terrific, bob. got to ask rick. looks like people sell bond, shift bonds to the dollar. rick is at cm group in chicago. >> thank you. i guess we should welcome europe to the same club the u.s. is in. lots of liquidity. maybe more liquidity coming. and a generally weak economy. welcome to the club. if you look at our charts, they pretty much reflect a lot of what central banking is doing
CNBC
Sep 9, 2012 7:30pm EDT
in the united states, however, on the fiscal cliff, which you are very concerned about. the xpiration of the bush tax cuts and automatic spending cuts that come if there's no budget agreement. how do you view this playing out? what are the implications for the market? >> i think this is very important. last week maybe the point when investor sentence focuses on this instead of europe. first of all, the size of the fiscal cliff at about 650 billion, 4% of gdp. it would be hitting at a time when the economy is weak and particularly the consumer is weak. i do think this represents a big danger to the economy. the challenge is it's not discounted into the price. we're all talking about it, i've met very few investors who believe it will happen. if we do start to move to an environment where it becomes more likely, it will create volatility and also hit equity prices as well towards the end of the year. >> how do you invest against that kind of back drop? where would you put money to work right now? >> i think there are a couple of things investors can do. one thought is for those that hav
CNBC
Sep 5, 2012 1:00pm EDT
is long. is the word of the united states respected anymore on the global basis? >>> a new survey shows u.s. global competitiveness has fallen again. what do you blame? vote on that at finance.yahoo.com and we'll talk about that coming up. at usaa, we believe honor is not exclusive to the military, and commitment is not limited to one's military oath. the same set of values that drive our nation's military are the ones we used to build usaa bank. with our award winning apps that allow you to transfer funds, pay bills or manage your finances anywhere, anytime. so that wherever your duty takes you, usaa bank goes with you. visit us online to learn what makes our bank so different. i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ >>> welcome back. we're
CNBC
Sep 6, 2012 6:00pm EDT
around van heusen in particular and arrow, the two larges brands in the united states. then our sportswear izod, a major roll-out with jc penney with the brand there. continued strong growth in our department store base, particularly macy's. that brand continues to perform and regain positioning. >> jc penney is a battleground. people worried that perhaps they are not doing well on your conference call you made it clear stores within stores are fantastic for your future. >> you know, we think it is a great way to show case our brands. we have seen early results and i'm talking about very early. ten days worth of sales so far as new shops have gone in. we have seen good sales performance in those stores. ron johnson from jc penney has talked about the transformation he's taking the company through. clearly he's been up front about the rocky issues he's had to keel wi deal with. they have a clear path. we are being as supportive as we can with them, not only with izod but with van heusen. we are a big part of the dress furnishings business to move the consumer forward. >> do they
CNBC
Sep 11, 2012 7:00pm EDT
with us or against us. any country that harbors terrorists is against us, that the united states can make preemptive strikes against these enemy countries. i thought those were extremely important doctrines that president bush laid down. is it your opinion, your view that those doctrines are still being honored today in our national security policy, especially toward terrorists? >> they're in place. president obama has not changed the foreign policy that president bush did change and put in place, which means we're going to be preempted. we want to prevent the next attack. i don't think there's as much resolve, quite frankly, with president obama and i don't think he's provided the leadership and i don't think he's introduced the fear to those people who want to do bad things to us. i think they feel a little bit empowered. thankfully our intelligence k e committee is on its toes and will do everything they can to help. i think we're very lucky. i wish president obama was a stronger leader around the world and wasn't as passive and steps back. it can only come from the president of the u
CNBC
Sep 3, 2012 10:00am EDT
barrel of oil that was actually being consumed in the united states. >> we talked to the largest physical trader of crude oil, and they told us that compared to the size of the investment inflows--and, remember, this is the largest physical crude oil trader in the united states-- they say that we are basically a flea on an elephant, that that's how big these flows were. >> yet when congress began holding hearings in the summer of 2008 and asked wall street banker lawrence eagles of j.p. morgan what role excessive speculation played in rising oil prices, the answer was little to none. >> we believe that high energy prices are fundamentally a result of supply and demand. >> as it turns out, not even j.p. morgan's chief global investment officer agreed with him. the same day that eagles testified, this email went out to clients saying, "an enormous amount of speculation" ran up the price, and "$140 in july was ridiculous." if anyone had any doubts, they were dispelled a few days after that hearing when the price of oil jumped $25 in a single day. september 22nd. >> september 22nd. >> michael
CNBC
Sep 5, 2012 4:00pm EDT
in the united states and around the world. there was a recent study out quickly on this by the clearing house association. the first time i have seen this people because talk about the economies that takes the top 26 banks in the united states, and basically says that after a lot of study and research they did, it benefits $50 to $100 billion a year because of these efficiencies. it was natural for it all to happen. second from a public policy perspective, we have to remember that we as a country are trying to compete in a localizing world. we have the best banks in the world. they have certainly had a impact on creating large businesses. why would you want to break all of that up, it makes no sense from a public policy perspective. >> it's important that you bring up the global story. they're obviously not going to compete with the international banks and deutsch banks who will be the large institutions. but let me get your take on what's going on in terms of the masses. time and time again we hear an argument that depositors do not want their money used to take risk. you said they're not to
CNBC
Sep 4, 2012 6:00pm EDT
, and the united states. look, we know that china used to be one of the world's great growth engines. it almost single handedly kept the global economy afloat during the global recession. but after playing the roe of the world's economic engine for so long, the chinese locomotive seems to be in danger of running off the rails. each piece of data is weaker than the last. so what's good about that? well, the slowdown in china seems somewhat self-inflicted. governments hit the brakes and in many ways still seems like it's happening. the hope is the chinese will start cutting rates, adding real octane to the down shift in their economy. how about europe? the european central bank meeting this week and we're expecting to hear some chatter in unison that's going to ereverse the declining economies over there and maybe unite to save the spanish banking system. you can monitor these efforts by watching the largest spanish bank which has been climbing ever since it bottomed at $4 and change. $7 stock finishing up 0.182%. that's positive. what changed or reversed this stock which i consider to be the mos
CNBC
Sep 4, 2012 3:00pm EDT
.s. prospers. to say manufacturing jobs in general are going to come back to the united states. most chinese products of low cost are going to go other places. they aren't coming back to the u.s. we have to recognize there's a dramatic ure ing in the world and everybody is part participating in it. >> we know the competitive situation always leans towards china because they've got much lower, you know, costs there. so companies are going to send workers to china and going to manufacture in china. what's great about china slowing down for the u.s.? >> i would agree with robert that, yes, there's a structural rebalancing going on. but this rebalancing is great because this enables for china's middle class to grow and create a service sector which can generate continued higher wages. that allows the private sectors in the developed economies to sell to china's middle class and not just depend on america's middle class. this way it gives a new engine of growth for nations around the world. and this is not priced into the markets. the markets have priced in the fact that china is slowing down but
CNBC
Sep 12, 2012 1:00pm EDT
penetrated than the united states. there is a big opportunity. >> to that point i can tell you foreign policy jon fortt who is inside there, tim cook is showing a video of the barcelona store opening now saying they have 380 stores in 12 countries, 13th country sweden is coming. 1 million people around the world using apple's products. peter, apart from the iphone 5, what else will move the stock here? >> be interesting to see if there's anything along the lines of -- well, we know they'll talk about a facebook integration. we don't expect to hear much about music and tv and movies. if there is much there, that will be an interesting surprise as well. john barr, you've clearly got skin in the game. let me tell you now, more news coming from tim cook. he's talking about the recent mac updates, including mountain lion. he says apple notebook is now number one in market share in the united states over the last three months at 27%. that probably won't surprise you. what do you want to hear, here on in? >> we've been long term investors in apple due to their ability to generate great new products.
CNBC
Sep 14, 2012 6:00am EDT
mortgages and potentially other assets until we see unemployment improve in the united states, is that a good decision on his part? >> it's not my habit to comment on decisions of the sister institutions. i would only say that it demonstrates, also, that when you look at the advanced economy through the grade of the central banking, you see that we are all engaged in nonstandard measures. >> how worried are you about the fiscal cliff in the united states is this. >> i think it is part of course of the major issue that in the advanced world you have to cope with. >> but if it happens, does it bring on another recession in the united states? >> i'm sure that the u.s. leadership, whatever you have in the president discussion of course between the two major sensitivities, but a sense of the saw peer kror interests of the country will prevail. i'm absolutely confident in that. i don't trust that it is possible that the sense of the superior interests of the united states of america and by way of consequence of the entire of course advanced economy and by way of consequence the enti
CNBC
Sep 18, 2012 6:00am EDT
to us by the congress of the united states which represents the american people. >> what does that mean in terms of numbers? >> 2% growth. >> are we at two? kevin was very careful, he went 1.5 to 1.75. >> that's very precise. >> i want basis points. >> decimal points is silly stuff, come on, joe. >> i know. >> there is positive growth, it's just not robust and the key point, it's not enough to create the jobs we need in this country. now, i argue and i argue forcefully, i'll give a speech on this tomorrow night here in new york, the reason we have so much uncertainty is not just uncertainty about europe and uncertainty about the slowdown in china, these are important things. the real uncertainty stems from what are my taxes going to be? what kind of spending pattern also come out of the federal government, how do i deal with this explosion of regulatory morass we have coming out of washington. how do you budget whether you are exxon or a little bitty 20-person company, how does the woman who runs that company or the man who runs that company budget when they have no idea what their cost
CNBC
Sep 14, 2012 4:00am EDT
against the united states. that is likely to change today because we have friday prayers and there will be more widespread demonstrators today. but there are individual circumstances in each country which will play out in the future of relations. so the conditions in yemen are very different from egypt and we have the drone strikes in yemen which feed into anti-americanism there it and egypt, it's probably more to do with the closeness of the british regime. libya is more difficult. you have the risk of increased presence in the east which is kind of feeding the instability there. so a lot of different local dynamics at play. >> david, while we concentrate on this of course we're still working out what's going on with the really big story. which i don't want to downgrade it, but iraq of course. and how is that going to pap out? >> in terms of -- >> nuclear weapons. >> it remains very difficult because we're still trying to analyze what the israeli intentions are. that's the key going forward certainly before the u.s. election. there is a widespread fear that perhaps the i
CNBC
Sep 28, 2012 9:00am EDT
this morning. they'll just try to get a share of the touch screen market in the united states. to your point about cash going out, more smart phones being sold than expected it is still a big shortage so the move today, is that indicative of -- >> they're not going out of business. >> even though the core operations remain unprofitable. their cash build was 2.3 from 2.2 on the quarter. >> they had more cash than previously. >> and their shipments continue to go down. they bleed people. >> you have the developing countries now. >> the pricing pressure is greater. >> there's always ban thought someone would buy them. but people felt why buy them because they'll run out of money and when they run out of money you can get them for nothing and you get all that intellectual property for nothing. there's a lot of companies that wish they had that keyboard patent. maybe that is worth something. i'm just saying that, look. i want the blackberry 10 to ship earlier. i thought becky's interview was terrific. it's very difficult to be as negative as you might have been before knowing that the restructuri
CNBC
Sep 20, 2012 6:00pm EDT
's been stuck in the 9 $9 to $12 for almost a ye now. >> it's fort d in the united states, and there's the ford from overseas. europe bad, latin-american, bad. bed bath and beyond, norfolk southern, two different kind of businesses. norfolk is going off the rails, bed bad, looking good. >> coming up, bargain shopping? retailers have been on the rise, but after perusing the aisles cramer has --. >>> and later, making dough, dominos has been -- find us if it can claim the upper crust of the pizza population, when the ceo breaks some news in cramer's exclusive. just ahead. >>> plus 'tis the season? millions of people around the world will get their hands on the highly anticipated crown jewel of the apple empire. iphone 5, but don't, get ready to though everything you think you know about tech out the window. cramer's looking beyond apple and what he says may surprise you. all coming up on "mad money." >>> any moment there's stocks that might rally for a week or month or a season before they only go out of style. and then there are the long-term opportunities that we search for all the t
CNBC
Sep 27, 2012 6:00pm EDT
.2 million people infected with hiv here in the united states, jim and about 20% to 25% of those individuals are unaware that they're affected. and what's most concerning is it's those individuals who are affected but unaware. they're responsible for 50 to 70% of the forward transmission. so our objective is to put it out there to make it easier for people to know their history status. >> do you envision a world where someone has unprotected sex, they would go to the drugstore and get this within 72 hours? >> we have spent a lot of time making sure consumers can understand the appropriate use of the product. it's not designed to detect infection immediately after someone is infected. but it's the exactly the same technology that's used in doctors offices and the public health centers. this is the rapid leading history test in the united states and now we're making it available to consumers. >> our show has been focused on hepatitis c. you've got a test for it, but you just don't think -- you talk about it as a billion dollar opportunity, but it's not as big for your company as this one. >> w
CNBC
Sep 12, 2012 4:00pm EDT
about this today. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure or diplomates. i've directed my administration to increase our security at diplomatic posts around the world. >> the attacks of libya and egypt underscore that the world remain aes dangerous place and that american leadership is still sorely needed. in the face of this violence, america cannot shrink from the responsibility to lead. leadership is necessary to ensure that events in the region don't spin out of control. >> all this happening as israeli prime minister benjamin netanyahu is using the strongest language to date about using force to stop iran from developing a nuclear weapon. this brings up the issue of making the u.s. less dependent on foreign oil. should we get off of middle eastern oil? chris, you first. all of this make you nervous about how much we depend on that region for our energy needs? what's the answer? >> well, you know, you look at saudi arabia providing 20% of the oil imports for this country. amer
CNBC
Sep 17, 2012 7:00pm EDT
lives are at stake and you know this, you don't go out and attack the president of the united states and say that he's somehow or another sympathizes with terrorists. that's how he lost it. if you handed that statement to ronald reagan, if you handed that statement to george bush or go, h.w. bush, i think they would have looked at you and said you know you have a new job in this campaign. why don't you answer the phones because it was ill-advised. it was a mistake. today they announced they are is going to have a whole bunch of specifics. they have ed gillespie on the phone and i think he's terrific. >> i think he lost the support of the liberal press and the liberal media which he never had anyway. >> dick, you would not have advised him to make that statement at that time in the middle the violence. >> how could you comment on what everybody in america was talking about. a president whose foreign policy is -- it was embarrassing. >> hang on. one at a time. >> the fact that it offended the liberal press probably -- >> it offended americans. >> it offended americans. president of the
CNBC
Sep 28, 2012 4:00pm EDT
. an extraordinary releases this afternoon from the united states government. the first thing we got was this order from president barack obama ordering the company to divest from a wind project in oregon using the so-called sifieuos program. this one is the fist time in 22 years that the u.s. government has done this it or president of the united states has done this. it goes beyond what we've ever seen before, including this language ordering the facility in oregon to effectively be rai razed, saying the company must remove all structures, items, or physical object, including the concrete foundations of the property. that's the first time anyone ever affiliated with this has ever seen anything like that. the treasury department later in the day issuing a statement saying why they might be so sensitive about this facility, saying, the wind farm sites are all within the vicinity of restricted air space at naval weapons system trading facility boardman in oregon. now, this is a sensitive military facility in oregon. we looked on their website to find out exactly what they are doing out there. here's
CNBC
Sep 3, 2012 1:00pm EDT
because humans are way too slow. [ticking] >> there are close to 850,000 of them in the united states, twice the number of atms. the new slot machines, the main attraction at casinos, are like high-tech video games. and states across america are increasingly relying on them to raise revenue: 38 states and growing, including pennsylvania. but the former governor ed rendell didn't appreciate some of our questions about it. >> you guys don't get that! >> i do get it. >> you're simpletons. you're idiots if you don't get that. >> welcome to 60 minutes on cnbc. i'm steve kroft. in this edition, we look at the world of big deals on wall street and in las vegas and examine the impact of high-speed computers in both places. we begin with perhaps the most famous investor of them all, warren buffett. his fame extends far beyond wall street, his oldest son, howard, not so much. and yet he's the person warren buffett wants to succeed him as chairman of berkshire hathaway, the mega holding company that buffett built. for most of his adult life, howard has been a corn and soybean farmer in nebraska
CNBC
Sep 5, 2012 12:00pm EDT
of growth. china has actually been taking growth away from europe and the united states and other areas through its mercantile policies and so essentially could fall apart and after three or four weeks we wouldn't notice. >> interesting. good to have you on the show. >> thank you. >> grasso how would you trade this one? >> you know what? everyone has been talking about how to pick the bottoms in iron ore, copper, steel, and coal. but the last guest obviously thinks that all of these are head fakes. so there's more room to the down side but there's got to be, to your point, there has to be a lot of bargains worth grabbing. but at this stage of the game i think you'd be fool hardy to rush into any of those names. >> pete, look. the shanghai composite is dreadful. >> yep. >> does it mean anything to how you would invest right now here in the united states? >> well, i think it depends on what your global picture is as far as the individual names that you're picking right now. how much is dependent on china? are you talking about the caterpillars of the world, starbucks and the growth? mcdon
CNBC
Sep 10, 2012 4:00pm EDT
, in the united states, i mean, here we are with a different demographic story, we're living longer, people talking about living to 100 now. in fact, social security hasn't changed at all. so, shouldn't we be changing based on the evolution of a country, of a city? i mean, that's one of the issues. if you're going to be living longer and needing more of the benefit from the country, don't you need to change some of the promises? >> i'm all for change. change has everybody in on it. but we faced a very strong antitax, antibiotic spending, antigovernment ideology. when you're talking about a city, not the state or federal government, means the things people experience every day, cops, fire, sanitation, police, schools, that stuff turns out to be much more important to the quality of life than with e mig have thought. there's a work out here. there will be changes. changes will come. but it has to be done with decent respect for all the players. >> what do you think should be cut, then? >> what do i think should be cut? oh, i think you can find in any system -- >> where? what? give me one idea
CNBC
Sep 20, 2012 11:00pm EDT
that the united states and that is enfuego. that's focus. then the ford from overseas. europe, bad. latin-america bad. guess what? two against one. can't own it. bed bath and beyond, norfolk southern. two different companies, two industries. norfolk is calling off the rails. i don't want to be no norfolk. bed bath, looking good. stay with cramer. >>> kwuming up, bargain shopping? retailers have been on the rise. but after perusing the aisles, cramer spotted bun stock that could be available in a discount. as the holiday season heats up, can this make you a cool profit in stick around it find out. >>> and later, making dough. domino says increasing its share of the pie and giving investors a healthy slice of the profit. but can this pizza party continue? find out if it can flame the upper crust of the peas why population, when the ceo breaks news in cramer's exclusive. just ahead. >>> plus, tis the season. in just hours. millions of people around the world, will get their hands on the highly anticipated crown jewel of the apple empire. iphone 5. but tonight, get ready to throw everything y
CNBC
Sep 21, 2012 1:00pm EDT
able to read that the united states is not as prepared as it should be for this type of cyber attack. >> we're not anywhere where we need to be in terms of a country with respect to preparedness and ultimately in response. the head of cyber command, general keith alexander, i think put it best when asked to evaluate one to ten where the u.s. capability is. he put it at a three. obviously this is not a very good position to be in, especially when you have a number of actors out there. china and russia are very active in terms of computer network exploit. that's espionage in cyberspace. they're increasingly integrating cyber warfare into their military planning and war fighting capabilities. these are all issues we need to take very seriously and we need to enhance our own defensive capabilities as well as invest on the offensive side as we will never firewall our way out of the problem. initiative resides with the attacker. >> is it a money issue? is it an investment of money issue in the infrastructure to combat this kind of crime? or is there something else that the united states sh
CNBC
Sep 4, 2012 11:00pm EDT
day now. let's take the three big bad/good battlegrounds. china, europe, and the united states. look, we know that china used to be one of the world's great growth engines. it almost singlehandedly kept the global economy afloat during the global recession as the chinese communists figured out how to spur domestic spending. but after playing the role of the world's economic engine for so long, the chinese locomotive seems to be in danger of running off the rails. each piece of data is weaker than the last. so what's good about that? well, much of the slowdown in china seems somewhat self-inflicted. when the pure si realized it overstimulated the economy, governments hit the brakes and in many ways still seems like it's happening. the hope is that the chinese will stop stepping on the brake pedal but start cutting rates, adding real ago taken to the downshift in their economy. how about europe? the european central bank meeting this week and we're expecting to hear some chatter in unison that's going to reverse the declining economies over there and maybe unite to save the spanish ban
CNBC
Sep 10, 2012 1:00pm EDT
. >>> the drenching that parts of the united states got last week, including tornadoes out in queens, not really helping parched farmland. there are no farms in queens, are there? this afternoon we're going to get exclusive details on the economic impact from our senior economics reporter steve leisman. he's here live. >> in about three minutes we're going to get an e-mail from the guy that runs the farm in queens. it is a big impact from what's a small sector of the economy and it could even have an impact on the presidential election. in a detailed study of the summer's drought which scored soybeans, corn and other crops across the nation, macro economic advisors out of st. louis estimate it could shave as much as a half point off gross domestic product this year. that's a big hit to a $13 trillion economy from a total farm sector that accounts for just -- wait for it now -- 1% of the nation's output. ben herzon is the economist who did the study. pe explai he explains the drought's outside impact. >> even though it only accounts for 1% of the economy, big changes in farm output can show up in
CNBC
Sep 23, 2012 7:30pm EDT
different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> is your money safe in a question that is top of mind for almost every investor out there today. can the agency charged with watching the markets keep up with faster and newer technology? do they have enough weapons to fight fraud? mary shapiro, chairman of the securities and exchange commission. she joins me now for a rare interview. mrs. chairman, it's great to have you on the program. thanks for joining us. >> thank you, a pleasure to be here. >> i
CNBC
Sep 24, 2012 4:00am EDT
doing well and running their plants at full capacity. obviously helped from sales in the united states and china. and then you have the latins, french and italians facing substantial issues of sales and excess capacity. fiat closed a factory in siscil, but that was done at financial costs. >> as an investor, all the political pressure to stay in italy comes potentially at what might be in the company's best interests longer term. >> i think will is really the issue. i think one of the quid pro quo for closing the plant in sicily was to actually at least bring more production back into italy from poland and this is the new one they started producing at the beginning of the year and they already announced short time working so it's still not selling. >> is that reflective of concerns in europe or does it scare with what we heard out of daimler which was talk about slowing europe and china sales trends. >> daimler and mercedes specifically highlighted problems in southern europe. that plays into fiat's main market. >> and meanwhile journalist who had the story we're talking about fiat now
CNBC
Sep 11, 2012 4:00am EDT
who is saying there is great uncertainty about how the united states will deal with its high debt levels. that may be the case. perhaps deflecting some attention there back to the u.s. certainly it's getting its fair share of attention in the u.s. during campaign season, but nevertheless an interesting comment from the finance minister this morning. >>> let's check in on the equity markets. we've mentioned some of the big decliners in the luxury goods place after burberry came out with a statement talking about slowing growth in the most recent quarter. overall markets are down by just about half of 1%. that's the stoxx 600, so it gives you a pretty good view of the region as a whole. specifically the ftse 100 moving lower by 0.35%. the ibex is suffering to the tune of about 1.25%. in fact we put it in twice just to make sure you pay attention. in the bond markets, the ten year germany bund at 1.53%. yields in spap ain are still of course elevated, and italy 5.23%. and in the uk, the ten year lower 1.75. and on the legality of the esm, we also do have the election in the netherlan
CNBC
Sep 11, 2012 9:00am EDT
competitors to step up the game in order for mcdonald's to start missing here in the united states. what will mcdonald's force to be done? and will that be good from an investor standpoint? how much will they have to give up maybe in terms of margins in order to get those customers back, for instance? >> you know, i think it's a combination of being more aggressive on the dollar menu. they will give a little bit on the margin side and we have near term caution on that particular point. but i also think they have a pretty nice product pipeline shaping up for 2013, which gives us excitement, and it's one of the reasons why mcdonald's is one of our favorite medium term names in the space. we do have some caution based on more difficult comparisons that show up in the fourth quarter as well as the threat of higher food costs that are going to pay out early next year. >> we should point out that with 104th on the price target. jim, we hear again from r.j. about food costs. actually the flip side of this is that we have a very weak labor market in the united states. so for as long as we're not
CNBC
Sep 17, 2012 9:00am EDT
the united states does not talk about trickle-up economics, take that 80%, educate them, make them pay taxes, and stop charging the top 5% more and more for what they create. why is that conversation not happening here? >> well, that's part of why inet, the institute for new economic thinking, was founded. james heckman at university of chicago and nobel prize-winning economist and i are working on a major program. we have 179 people worldwide on early-age human capital, early-age education which includes public health. >> you just have to put more resources into the education system to make it work. >> and better allocation of incentives, absolutely right. you're talking about a national tragedy. >> the word "resources" is loaded especially this week when we've got chicago teachers facing a potential injunction. >> yes. >> overturning citizens united, right, is not going to -- is not going to pacify what's happening outside. >> mm-hmm. >> neither is paying teachers more or giving them a shorter school year. right? >> i think if you paid teachers more, say relative to other professions, you
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